Bruce C. Wacha has been named executive vice-president of finance and chief financial officer of B&G Foods, Inc., effective Nov. 27. Mr. Wacha is currently executive vice-president of corporate strategy and business development for the company.
In his new role, Mr. Wacha will oversee B&G Foods’ finance organization and maintain responsibility for all financial and accounting matters, the company said. Additionally, he will continue to oversee B&G’s corporate strategy and business development, including mergers and acquisitions, capital markets transactions and investor relations.
Mr. Wacha joined B&G Foods from Amira Nature Foods Ltd. in August. At Amira, he spent three years as the c.f.o. and executive director of the board of directors. Before that, he spent more than 15 years in the financial services industry at Deutsche Bank Securities, Merrill Lynch and Prudential Securities advising corporate clients across the food, beverage and consumer products landscape.
“Since joining our executive team in August, Bruce has demonstrated excellent leadership skills, financial expertise and an excellent work ethic,” said Robert C. Cantwell, president and chief executive officer of B&G Foods. “I’m delighted to announce Bruce’s appointment to c.f.o. Bruce is an experienced and talented executive, and after working with Bruce the past few months I am confident that he is the right person to lead our finance organization and help us achieve our growth objectives.”
Current interim c.f.o. Amy Chiovari will continue in her role as corporate controller and assist with Mr. Wacha’s transition to c.f.o., the company said. Ms. Chiovari took over as c.f.o. in March after Thomas P. Crimmins resigned from the role after two years with B&G Foods.
By Rebekah Schouten
Source: Food Business News
A cultured meatball containing the extinct mammoth’s myoglobin protein demonstrates the potential power of cell-based meat and was specially developed “to make consumers think about where their food comes from,” according to the chief scientists behind the prehistoric project.
If the proposal is passed by parliament, companies in Italy will not be allowed to produce food or feed “from cell cultures or tissues derived from vertebrate animals,” the bill seen by Reuters stated. A breach of the rules could result in fines of up to €60,000.
Diageo has announced that Sir Ivan Menezes is retiring as chief executive officer and member of the company’s board on 30 June. Menezes will be succeeded by Debra Crew – currently COO at the drinks giant – who will take up the post on 1 July, becoming the company’s first female CEO.